Less pivot hope, from Paris
A lot rests on tonight’s non-farm payrolls. NAB’s Gavin Friend says markets are looking for any reason to assume the Fed is ready to pause rate hikes, whatever Fed speakers may say to the contrary.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Friday 7th October 2022
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Markets are still nervous. This morning NAB’s Gavin Friend says hopes of a pivot from the Fed have more or less disappeared, following on from the softer manufacturing numbers earlier in the week. The Fed’s Neal Kashkari said we are quite a way away from a pause in their path of rate hikes. A lot rests on today’s non-farm payrolls, with the markets ready to pounce on anything that could suggest a slow down from the Fed. Today’s episode, out a little earlier than normal, comes from the Australian Embassy in Paris, where NAB has been talking to investors about opportunities in Aussie infrastructure and energy projects. Gillian Bird, the Australian Ambassador to France, joins us on the podcast.
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